Insolvency And Bankruptcy Code, 2016 And Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 (Sarfaesi); Applicability On Banks
INSOLVENCY AND BANKRUPTCY CODE, 2016The Insolvency and Bankruptcy Code, 2016 (“Code”) offers a uniform comprehensive insolvency legislation to Corporations, Firms and Individuals (other than financial firms).One of the fundamental features of the Code is that it allows creditors to assess the viability of a debtor as a business decision, and agree upon a plan for …